Seismic Micro-Technology
Encyclopedia
Seismic Micro – Technology (SMT), is the maker of KINGDOM software. It is the global market share leader for Windows
based interpretation. SMT developed the first seismic interpretation tools for the Windows
environment
. KINGDOM software is used by 2,700 companies
in over 95 countries
. KINGDOM software is used to find sources of oil
& gas
in the subsurface and is used by 85 percent of the 150 largest petroleum exploration and production companies. SMT's customer base
includes international
and nation
al companies as well as independent companies and consultants. More than 50 percent of sales come from international sales.
. Branch offices are located in Croydon
(UK), Moscow, Brazil Singapore
, and Calgary.
to Chevron
. In 1993, SMT sold the first Windows NT application for oil & gas industry to Barrett Bros. In 1996, the first integrated 2D and 3D seismic package into the Windows environment. In 2000, SMT software was in 23 of the top 50 oil & gas operators. In 2003, SMT Europe
opened its office in Croydon, United Kingdom. In 2006, SMT Asia
opened its office in Singapore and there were more new license’s sold outside the USA than in it for the first time.
In 2009 SMT signed a software contract
with India
’s Oil and Natural Gas Corporation
(ONGC), agreeing to train 200 geoscientists on both interpretation best practices and KINGDOM software in six Indian cities.
(JMI). Jake Reynolds, General Partner of TCV; David Yuan, Vice President
of TCV; and Bob Smith, General Partner
of JMI joined SMT's Board of Directors
at this same time.
At that time, Founder and CEO Thomas Smith retired with Arshad Matin becoming CEO and President, and a member of the Board of Directors. Previously, he had served as Vice President and General Manager of the Compliance and Security Management business at Symantec
.
for PC
-based interpretation.
s in 27 countries
. The goal of SMT's Educational Gifts Program is to put workstation software in the classroom
so those students graduating from universities are equipped for the job market with workstation experience. The donations began in 2001 and occur in the form of three-year grants
. The total estimated value exceeded more than $150 million dollars. Of the $150 million, $1.5 million of the donation went to Imperial College in London
and $1.4 million to the University of Houston
.
Microsoft Windows
Microsoft Windows is a series of operating systems produced by Microsoft.Microsoft introduced an operating environment named Windows on November 20, 1985 as an add-on to MS-DOS in response to the growing interest in graphical user interfaces . Microsoft Windows came to dominate the world's personal...
based interpretation. SMT developed the first seismic interpretation tools for the Windows
Microsoft Windows
Microsoft Windows is a series of operating systems produced by Microsoft.Microsoft introduced an operating environment named Windows on November 20, 1985 as an add-on to MS-DOS in response to the growing interest in graphical user interfaces . Microsoft Windows came to dominate the world's personal...
environment
Desktop environment
In graphical computing, a desktop environment commonly refers to a style of graphical user interface derived from the desktop metaphor that is seen on most modern personal computers. These GUIs help the user in easily accessing, configuring, and modifying many important and frequently accessed...
. KINGDOM software is used by 2,700 companies
Company
A company is a form of business organization. It is an association or collection of individual real persons and/or other companies, who each provide some form of capital. This group has a common purpose or focus and an aim of gaining profits. This collection, group or association of persons can be...
in over 95 countries
Country
A country is a region legally identified as a distinct entity in political geography. A country may be an independent sovereign state or one that is occupied by another state, as a non-sovereign or formerly sovereign political division, or a geographic region associated with a previously...
. KINGDOM software is used to find sources of oil
Petroleum
Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...
& gas
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
in the subsurface and is used by 85 percent of the 150 largest petroleum exploration and production companies. SMT's customer base
Customer base
The customer base is the group of customers and/or consumers that a business serves. In the most situations, a large part of this group is made up of repeat customers with a high ratio of purchase over time. These customers are the main source of consumer spending...
includes international
International
----International mostly means something that involves more than one country. The term international as a word means involvement of, interaction between or encompassing more than one nation, or generally beyond national boundaries...
and nation
Nation
A nation may refer to a community of people who share a common language, culture, ethnicity, descent, and/or history. In this definition, a nation has no physical borders. However, it can also refer to people who share a common territory and government irrespective of their ethnic make-up...
al companies as well as independent companies and consultants. More than 50 percent of sales come from international sales.
Business locations
Seismic Micro- Technology’s headquarters resides in Houston, TexasHouston, Texas
Houston is the fourth-largest city in the United States, and the largest city in the state of Texas. According to the 2010 U.S. Census, the city had a population of 2.1 million people within an area of . Houston is the seat of Harris County and the economic center of , which is the ...
. Branch offices are located in Croydon
Croydon
Croydon is a town in South London, England, located within the London Borough of Croydon to which it gives its name. It is situated south of Charing Cross...
(UK), Moscow, Brazil Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
, and Calgary.
Company history
In 1985, SMT licensed the first KINGDOM license on a PC in DOSDOS
DOS, short for "Disk Operating System", is an acronym for several closely related operating systems that dominated the IBM PC compatible market between 1981 and 1995, or until about 2000 if one includes the partially DOS-based Microsoft Windows versions 95, 98, and Millennium Edition.Related...
to Chevron
Chevron Corporation
Chevron Corporation is an American multinational energy corporation headquartered in San Ramon, California, United States and active in more than 180 countries. It is engaged in every aspect of the oil, gas, and geothermal energy industries, including exploration and production; refining,...
. In 1993, SMT sold the first Windows NT application for oil & gas industry to Barrett Bros. In 1996, the first integrated 2D and 3D seismic package into the Windows environment. In 2000, SMT software was in 23 of the top 50 oil & gas operators. In 2003, SMT Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
opened its office in Croydon, United Kingdom. In 2006, SMT Asia
Asia
Asia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...
opened its office in Singapore and there were more new license’s sold outside the USA than in it for the first time.
In 2009 SMT signed a software contract
Contract
A contract is an agreement entered into by two parties or more with the intention of creating a legal obligation, which may have elements in writing. Contracts can be made orally. The remedy for breach of contract can be "damages" or compensation of money. In equity, the remedy can be specific...
with India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
’s Oil and Natural Gas Corporation
Oil and Natural Gas Corporation
The Oil and Natural Gas Corporation Limited is an Indian state-owned oil and gas company headquartered in New Delhi, India. It is one of the largest Asia-based oil and gas exploration and production companies, and produces around 77% of India's total crude oil production and around 81% of...
(ONGC), agreeing to train 200 geoscientists on both interpretation best practices and KINGDOM software in six Indian cities.
Management
In 2007 the company re-capitalized with investments from Technology Crossover Ventures (TCV) and JMI EquityJMI Equity
JMI Equity is a growth equity firm focused on investing in leading software, internet, business services and healthcare IT companies. JMI provides capital for growth, recapitalizations, acquisitions and buyouts. Founded in 1992, JMI has invested in more than 100 companies throughout North...
(JMI). Jake Reynolds, General Partner of TCV; David Yuan, Vice President
Vice president
A vice president is an officer in government or business who is below a president in rank. The name comes from the Latin vice meaning 'in place of'. In some countries, the vice president is called the deputy president...
of TCV; and Bob Smith, General Partner
General partner
General partner is a legal term used to describe a person who joins with at least one other person to form a business. A general partner has responsibility for the actions of the business, can legally bind the business and is personally liable for all the business's debts and obligations.General...
of JMI joined SMT's Board of Directors
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
at this same time.
At that time, Founder and CEO Thomas Smith retired with Arshad Matin becoming CEO and President, and a member of the Board of Directors. Previously, he had served as Vice President and General Manager of the Compliance and Security Management business at Symantec
Symantec
Symantec Corporation is the largest maker of security software for computers. The company is headquartered in Mountain View, California, and is a Fortune 500 company and a member of the S&P 500 stock market index.-History:...
.
Products
SMT's KINGDOM 8.3 was updated to 8.4 in 2009 to aid oil and gas companies attempting to capitalize on unconventional locations for drilling. In 2008, the Welling Report ranked SMT as holding the largest market shareMarket share
Market share is the percentage of a market accounted for by a specific entity. In a survey of nearly 200 senior marketing managers, 67 percent responded that they found the "dollar market share" metric very useful, while 61% found "unit market share" very useful.Marketers need to be able to...
for PC
Personal computer
A personal computer is any general-purpose computer whose size, capabilities, and original sales price make it useful for individuals, and which is intended to be operated directly by an end-user with no intervening computer operator...
-based interpretation.
University program
SMT has established a software donation program for 160 universities in key oil and gas regionRegion
Region is most commonly found as a term used in terrestrial and astrophysics sciences also an area, notably among the different sub-disciplines of geography, studied by regional geographers. Regions consist of subregions that contain clusters of like areas that are distinctive by their uniformity...
s in 27 countries
Country
A country is a region legally identified as a distinct entity in political geography. A country may be an independent sovereign state or one that is occupied by another state, as a non-sovereign or formerly sovereign political division, or a geographic region associated with a previously...
. The goal of SMT's Educational Gifts Program is to put workstation software in the classroom
Classroom
A classroom is a room in which teaching or learning activities can take place. Classrooms are found in educational institutions of all kinds, including public and private schools, corporations, and religious and humanitarian organizations...
so those students graduating from universities are equipped for the job market with workstation experience. The donations began in 2001 and occur in the form of three-year grants
Grant (money)
Grants are funds disbursed by one party , often a Government Department, Corporation, Foundation or Trust, to a recipient, often a nonprofit entity, educational institution, business or an individual. In order to receive a grant, some form of "Grant Writing" often referred to as either a proposal...
. The total estimated value exceeded more than $150 million dollars. Of the $150 million, $1.5 million of the donation went to Imperial College in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
and $1.4 million to the University of Houston
University of Houston
The University of Houston is a state research university, and is the flagship institution of the University of Houston System. Founded in 1927, it is Texas's third-largest university with nearly 40,000 students. Its campus spans 667 acres in southeast Houston, and was known as University of...
.
External links
- Seismic Micro-Technology Official Website
- Oil and Gas Investor, Interview: Arshad Matin, CEO of Seismic Micro-Technology about challenges facing oil & gas customers
- E&P Magazine, Visualization comes of age, January 5, 2009
- E&P Magazine, SEG, Supercomputing 2008 set the stage, December 1, 2009
- Seismic Micro-Technology, Overview of SMT brochure
- Seismic Micro-Technology LinkedIn profile
- Seismic to Simulation AllianceSeismic to simulationSeismic to Simulation is the process and associated techniques used to develop highly accurate static and dynamic 3D models of hydrocarbon reservoirs for use in predicting future production, placing additional wells, and evaluating alternative reservoir management scenarios...